Mar 10, 2011 07:09 PM IST | Source: VCCircle

IFC, Gujarat Energy body in pact for solar power project

International Finance Corporation (IFC), the private lending arm of the World Bank, and Gujarat Energy Research and Management Institute (GERMI) have teamed up to identify and develop renewable-energy projects in South Asia.

IFC, Gujarat Energy body in pact for solar power project

International Finance Corporation (IFC), the private lending arm of the World Bank, and Gujarat Energy Research and Management Institute (GERMI) have teamed up to identify and develop renewable-energy projects in South Asia.

IFC is working with Gujarat Energy Research and Management Institute to design and structure a distributed-rooftop solar-power project in Gandhinagar. The project, a 5MW  solar installation, is expected to reduce greenhouse-gas emissions by about 6,000 tonne a year and mobilize about USD 20 million in private sector investment.

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